Money & Law

Why would you want to set up a living trust? Legacy Estate Planning attorney Steve Waltar joins Suzanne to talk about the basics and benefits of living trusts. Benefits include ease of management and they work in all 50 states.

Incapacity planning is a broad area of law that covers how you are cared for if you become physically or mentally unable to care for yourself. Andrea Lee from Legacy Estate Planning joins Suzanne to talk about issues individuals and families face in regards to incapacity. The type of care could range from simple tasks like buying groceries, paying bills, and handling financial matters to more important decisions such as selling real estate, gifting assets to your children, or making critical medical decisions. Incapacity planning could include a number of techniques such as Property Powers of Attorney, Health Care Powers of Attorney, Living Wills or Advance Health Care Directives or Guardianships/Conservatorships. It is also important to have appropriate HIPAA authorization forms in place.

If you don't file estate planning documents, your state will do it for you, perhaps not the way you expect. Estate planning attorney Steve Waltar with Legacy Estate Planning joins Suzanne to talk about various options available when planning your estate, what happens when you list beneficiaries, generally how wills work, living wills, living trusts, and Medicaid planning.

Steve Waltar with Legacy Estate Planning joins Suzanne to talk about whether you might prefer to have a will or a trust, and why.

Finance expert David Phillips joins Suzanne to talk about how to anticipate the future by putting a finance plan in place to take advantage of factors that we can control, and account for risks such as longevity, running out of money, potential inflation, taxes, and the needs of long-term care.

People who've been retired for a while say they wish they'd saved more of their money and invested it more. They also advise to keep investing in yourself, learning how to do your job better, which gives far better returns than anything you'll get from the investment markets. Retirement Watch CEO Bob Carlson provides Suzanne with action steps to improve you retirement planning. Financial wellness is one of the 8 foundational principles of wellness, part of the Vitality Revolution podcast series sponsored by Humana.

Most baby boomers haven’t planned for a long term care event, considering that only 1 in 30 have a long-term care policy and only 7% of adults over age 50 own any form of Long Term Care insurance. David T. Phillips joins Suzanne to talk about how to reposition our assets in order to have funds available for a long term care event.

Do you have a financial plan to move forward in your aging years? Do your senior loved ones have a plan? Sometimes it's hard to bring up those topics with them, but if you get asked to serve as power of attorney for a family member, it's your business to find out. Sitting down with a senior finance manager might be a great way to bridge you to this information in a non-invasive way. Brynne Malone, the owner and founder of Aging Solutions NW, joins Suzanne to talk about how to talk to your parents about their family finances. Financial wellness, knowing you have resources to maintain your life, is one of the 8 foundational principles of wellness featured in the Vitality Revolution podcast series sponsored by Humana.

ElderLife Financial is a financial aid office for senior living, a one-stop shop to help families understand how to pay for long-term care.

Elder law attorney Jim Koewler joins Suzanne to talk about setting up your estate plan and the people needed to complete various documents, such as powers of attorney, wills, living wills, revocable trusts, and irrevocable third-party trusts. This segment covers Powers of Attorney.